27 September 2023
Share Print

Irish Competition Enforcement Regime is Enhanced by New Legislation

To The Point
(4 min read)

Businesses that are accused of or suspected of breaching Irish competition rules will now need to navigate an enhanced enforcement regime under the Competition (Amendment) Act 2022 (the "Act") that comes into operation today.  Previously, a major shortcoming faced by the Competition and Consumer Protection Commission ("CCPC") and the Commission for Communications Regulation ("ComReg") was their inability to impose civil fines for breaches of competition law.  The Act rectifies this, and strengthens Ireland's enforcement regime relating to anti-competitive agreements and abuses of a dominant position in several other major ways:

1. Introduction of Civil Fines for Breaches of Competition Law
2. Introduction of New 'Whistle-Blowing' Powers
3. Increased Fines for Criminal Breaches of Competition Law
4. Introduction of a Specific Offence of Bid-Rigging
5. Introduction of New Surveillance Powers for CCPC

Next steps

For further information on the Act please contact Eoghan Ó hArgáin, Head of EU, Competition & Procurement in Addleshaw Goddard (Ireland) LLP.

To the Point 

Subscribe for legal insights, industry updates, events and webinars to your inbox

Sign up now